the Next big thing in business — Advertising revolution

Marketing and advertising is going thru the biggest changes right now you just don’t see it yet.  Within every failure there is a greater opportunity that rises from the ashes. Right now there many failures that are happening as our world transitions from a physical world into a purely virtual one. we have literally destroyed the value of many of the products that we used to own are now a completely invisible medium. your going from a world where you used to touch and feel things in order to understand their value to a world that is going to completely become dependent on how companies communicate to us why and how things will be valuable. Think about that because it is by far the most mind blowing thing I have  ever written in this blog. You used to judge the value of things by their physical medium and look at this list of the things where  you used to literally “judge a book by its cover” but can’t anymore, CD’s books, newspapers, balancing your checkbook, faxes, hand written letters, waiting AT HOME for a phone call or walking through a shopping mall. Now how are you going to judge the value of things because you are not personally invested? The less involved and invested you are the more dependent you become on the world around you to show you what the value of things are. You want proof –the housing crisis. This is crazy but the whole entire thing was predicated upon changing your belief of what your house was actually worth. Up until that point the value of your home was based on what you could afford with your paycheck but at some point we stopped believing in living in our housing and value of  a lifetime of memories it become a tool of which we could just make incredible money fast. All of the sudden we went around and started looking at looking at how much money we could be making and here is the key we somehow bought into the belief that housing prices were going to continue to accelerate like an Ebay auction. The whole time our income never double but our cost of our houses did and we believed that somehow we were going to be able to afford it. We trusted  what everybody around us was doing and saying we stopped trusting ourselves and what we could afford. So we learned our lesson hopefully but it still brought to the surface a much bigger truth that our lives are going to become more and more or new ways of perceiving value. True value is built on trust and since we learned a huge lesson in who we can’t trust the opportunity  NOW is in learning who we can. The new business model will be based on TRUST since being able to touch is no longer the medium we can judge products on. FOCUS on building TRUST in your communication. Thats why Apple has Microsoft scared. APPLE is based on one thing TRUST of the customer by delivering products that do one thing they ALWAYS work better then you expect.

The real simple reason why Circuit City deserves to be bankrupt

I just goes to show you that no matter how big you are as long as you give terrible customer service you will go broke even if you beat (supposedly) you competitors prices. I have never heard anybody tell me a positive experience they had at Circuit City but i’ve seen all there associates ignore customers. I think of all the places i’ve  ever shopped I have never understood why it was alway so hard for their associates to do on simple thing that every other business did. Greet me and ask me if I need assistance BEFORE I have the need for you. From what I’ve seen they mastered the art of IGNORING their customers and look at them now just goes to show you that PRICE isn’t everything but great customer service is cause BEST Buy is still around now aren’t they.

Getting customers to act on what you say… NOW!!!!

What is the one thing that all people have in common in communication?   Often times we NEVER think of HOW we want to say something we only think of WHAT we want to say. However as business owners we are all in competition for what we want to say to our customers. We all want to say that we have the best service, lowest prices, best quality, or fastest delivery. However everybody says those things but very few deliver and when others don’t deliver it loses it’s magic. Sure you have never tried to use power words just to get a potential clients attention however others have and it cheapen the value of what you are trying to deliver on. One of the things that I like to say is that “you don’t need a degree to start a business”. When I say that to my own clients they know that there are thousands of people that are are trying to make a buck no matter what the cost or implications to your market share. These people are no where near the high caliber of  business owners that you are. You have to realize that in the end you may end up getting the customer after they have ruined their chances( you know those horror stories customers tell about the last guy I went to). HOWEVER they have done major damage in your customers willingness or desire to believe the words that you say because of their actions.

So you have to find more ingeneous ways to communicate your potential and true value to them in ways that those bottom feeders would never be able to understand. don’t try and use the same devalued words find ways to put yourself at a higher level

Let me give you so monumental examples of business that have used this

Fastest Delivery— 30 minutes or your pizza is free {domino’s}

Storage on a MP3— 1000 songs in your pocket–{Apple}

Convenience-We do it just a little bit better WAWA–{Wawa}

The best way to get a cash flow going during the unstable economy

Change your focus now from income to flow. It is extremely rare for anybody to make money in this economy but to stay afloat you need cash flow. So offer a one shot deal where you sell a popular item at only 10% above cost. Do it for 48 hours this weekend. Call all your long term customers and tell them about it. Stress that it is a one shot deal because of the economy and the you would and will never offer it again. Select Comfort did this the past weekend with a 50% off sale. Now I used to work at a “Sleep Number Store” as they never gave anything close to 50% off but they did this weekend and knowing them they marketed this to all customers . All of them know how great a deal it is even though December is a weak month for them. Why?Nobody would buy a bed is December it not a gift purchase but this year with price under a grand instead of 2k I bet people did. I also know what the cost is and that is chopping out a huge amount of profit. However once you own this bed you can’t go back they have the lowest in the industry by a long shot. So long as people keep loving that bed they bed riding out of this impossible economy safely

U R L—-Ubiquity now –Revenue Later–

URL– early internet term had a hidden meaning during the dot com days that I feel is unbelievably relevant with the state of the economy to every small business now.

 

I was on the phone with a client of mine and we we talking about the fact the everybody is in complete budget lockdown right now. No company is will to spend any money they can’t recoup immediately that line –cash is KING is the only truth in business right now. He said I remember this speaker years ago when the internet was first taking hold and it was all about getting people to remember your URL or (website address) and people just beginning to see the possibilities of making money online. He had this great quote that literally became the foundation of the “dotcom” era — URL–Ubiquity now –Revenue Later.

The idea making a business that people not only remember its so strong they can’t forget it if they tried.  

 

As a pure statement it is great but it also allowed bad investments in that era cause nobody knew what the financial payback of what that ubiquity was worth caused alot of turmoil. However on the flip side you could  never forget the pets.com puppet that now staring in in car insurance commericals–now that ubiquity. Great companies use downturns to exploit mindshare and marketshare of their customers. It was the companies that didn’t go broke and those that  came in right afterwards that reap the greatest benefits of that ubiquity.

 

Now to the present day when the nobody is going to be making money now is a great time to build the uniqueness of your business so that when consumer confidence does come back you’ll be the first business of your kind to make money ask yourself “what do I really want this business to be remembered for ?” Use the bad economy to build brand share, customer service excellence, going above and beyond for the customer BEFORE they have to ask you too, or heck ask your customer what times works best for them to shop be there, or personally deliver the product when they would never expect you to. Build the Ubiquity is easy now because everybody is so focused on their fears that when you go above and beyond for them you are literally saying “I still have a lot of faith in you right now” EVERYBODY needs to hear that right now. When you say it with your deeds customers Hear you big time!

The Most amazing Customer Appreciation event EVER!!!

As I was driving home on Sunday night from my brothers I had the most incredible experience. I live right outside Boston in Concord Mass (Henry David Thoreau) and I stopped to take a walk through the town. It is one of the most beautiful places regardless but I love walking the streets at night much like Mr. Thoreau did to sort out my thoughts in complete peace and silence. Tonight when I got my car expecting silence I heard what I though was music in the distance. I thought I was hearing things I followed but it anyway a block and half away I hear this crisp voice that was covering music of the sixties. The closer I got the more I found that it wasn’t just one person was a whole gallery jammed to the hilt with several people. I look and see that this is a customer appreciation event. Here was an great singer literally jamming out with this stores customers. Now considering that they are closed on Sundays it was probably  an invitation only for the best customers. Now the crazy part everybody there was following right along, dancing, singing and hitting the tambourine. I snuck by and stood the next store over in absolute amazement at how much fun everybody was having. This wasn’t a customer appreciation event this was much more this was life celebration with friends that happen to be customers. I walked across the street completely blown away and I just enjoyed the moment. The next event will really bring home the magnitude of this.  

There were two young women walking past this gallery a  just like I was and they stopped in the doorway just to see what was going on they literally got pulled in. The people inside invited them to be a part of this party. They couldn’t  just sit back and watch they were completely jamming, singing, and dancing just like everybody else. Nobody that was part of this experience will forget Montague Gallery 10 Walden Street Concord Ma. They sell fine art sculptures go to www.montaguegallery.com The Do you think that everybody will taking about how it was on of the most unique events they have ever been to? Do you think that little event will drive more sales? Absolutely it will. Turning a customer appreciation event into a life celebration event that is PRICELESS in building customer loyalty I guarantee it.

Imagine customer loyalty like this

Did you know that every 4 out of 5 Apple customers that own one Apple computer will ONLY buy an apple as their next? As I wrote in about yesterdays post–It what you do after the customer owns your product that makes the most difference. Apple does EVERYTHING I mean EVERYTHING right after the sale. They love your problems so much  that the center focus in EVERY store is the genius bar. They have monitor devoted to the next appoint that everybody that is shopping sees. There is no other store that I have EVER been in that doesn’t do whatever it can to separate out its complaints FROM the people wanting to buy stuff. The reasoning is simple they don’t want to run the risk of ones persons negative emotions creating doubt in the mind of a shopper that wants to give them money. So talk about doing things from the customer point of view. Answer one question please!!! WHY IN THE WORLD WOULD YOU EVER PUT ALL THE CHALLENGES AT THE CENTER OF EVERYBODYS ATTENTION — SO THAT IF YOU SCREWED UP OR DIDN’T GIVE A CUSTOMER WHAT THEY EXPECTED ABSOLUTELY EVERYBODY IN THE WHOLE STORE WOULD KNOW ABOUT IT? This move in any other business would be suicide.

 

So here is the real question– “How in the world do they  do it?” Those people that are at that genius bar are being treated better then everybody else in that store.

THIS IS EXACTLY HOW YOU BUILD MASSIVE CUSTOMER LOYALTY–FOCUS ON WHAT HAPPENS after THE CUSTOMER OWNS YOUR PRODUCTS. You can do these same exact methods to build your business. Just write me and I will show you how. 

Its like apple went to a Lamborghini dealership and modeled how to treat your customers after that. If you have ever been to the genius bar you know what I mean. It the place where people tend to hang out. If you ask me its not a genius bar because of the people behind it. NOPE (even though they are amazing) Rather it is the people in front of it. WHAT ARE YOU NUTS Tom? NOPE. By far the best and greatest tool they have to build loyalty they never use– customers issues. True Customer Loyalty is built on how you treat your FAILURES not your successes.

What do you do after the sale?

Many small business are completely focusing on everything that happens up until the product is in the customers hands then getting the next customer. There is a massive problem with looking at your future that way. The problem is that your CUSTOMERS are only focused on what happens AFTER the product is in their hands. There is so much opportunity for business growth just by changing your focus to the customers point of view its mind boggling. You are literally losing business by NOT changing your perspective. The greatest companies big or small know that paying attention to what your customer is paying attention to and not up until the customer are the ones that build  AMAZING customer loyalty. Doing everything possible to show your customers they matter AFTERWARDS will create a strong bond that your competition will never be able to break and will keep your customers buying again and again. Write me and give me a little background on your business and I’ll show your business exactly how you can build the business that your children’s children will be proud of.

Five Guys Burgers — How to Absolutely ensure Customer Happiness

 In yet another great and revolutionary statement “5 Guys Burgers” does it again!!!!   This is the sign in the famous eatery.YOU DESERVE TO BE 100% SATISFIED– If not please inform the manager who will make things right.  I love that last part “WHO WILL MAKE THINGS RIGHT” there is no doubt to what their intent is when it comes to your satisfaction. All small business should adopt this very strong stand when it comes to the customers experience while they are guests in your establishment.

How many customers have you lost in the last year?

This is a question that focuses one the harder facts in business but shouldn’t be avoided out of fear. Actually this tough question has the enormous potential of really growing your business once again. It stems from that quote” you don’t know what you got till its gone”. You need to find out what your attrition rate is.If you are adding new customers to your business but not looking at the ones you are losing and more importantly the reasons why they are leaving then its like catching fish in a boat that has a leak in it (it does you no good cause you will still drown.)

The first part of this inventory is looking at how big that leak is and then determining what it will take to fix it. Find out what percentage of customers are leaving is crucial to putting programs in place to find out what you are doing wrong in their eyes so you can make your business stronger. There are only a few reasons why they left and often times the fix is so simple it will amaze you. #1 reason they don’t feel they have a need for your product or service anymore. In this case all you need to do is follow up with them and show them they are still important to you and how they can still use you business to their advantage in their life. It’s strange how the only thing that businesses FAIL to do is follow up with existing customers to find out what is it going to take for them to purchase another product or a second time . All you need to do is create an AUTOMATIC process for you business to do this. If you write to me at tom4change@gmail.com I can show you exactly how to do this to get the best return of customers possible. 

As we all hold our collective breath… for two days

I stopped in my favorite store to possibly purchause an Ipod touch. The person there actually told me to hold off!!!???

Now we all know that Steve Jobs will introduce new products(3g Iphones+ one more thing..) on Monday at WWDC but the rumors have been they wouldn’t be available right away. Judging from that statement I gather they are going to all be available WORLDWIDE instantly. Now that would be a first even for Mr Jobs. When has any company ever released a physical product and launched it worldwide INSTANTLY? TRY NEVER.  That would be the absolute logistics feat of the century because none of us know what it is yet and he would have been shipping them under our noses for the past month at least. Now to me even though it not the new product we are expecting would be the most amazing magic trick ever in my eyes. We’ll see though what happens on Monday I could be wrong but if I’m right……

 I was wrong new Iphone comes out July 11 but the cost reduction and mobile me is definitely going to pay MASSIVE dividends for Apple. Everybody is about to find out how easy to  keeping ALL devices up to date— email, address book, pics, schedule, to-do list……. INSTANTLY– I don’t know of any Blackberry that will do that do you?   

Why Steve Jobs and Apple’s success has NOTHING to do with the Ipod,Iphone,Imac or any Iproduct they make

Yep you heard me right. The reason why they are growing so fast has (almost)nothing to do with products they make. Tom Titlow  you have officially fallen off your rocker I can hear you now– no I haven’t just hear me out. What I am about say will blow your mind then make so much sense.  Then you can use it to grow your business with same exponential power that Mr. Jobs has used to grow Apple from pretty much broke to $165 Billion dollar company in less then 10 years. He used and continue to use a very few extremely simple rule to grow his company which EVERY business owner should be LIVING everyday they open their doors and yet they DON’T. Hopefully this post will show you why right now is the time for change. But first things first … the Apple products.

Do you realize how many amazing products are created every year that would have a greater impact on your life than your iphone or ipod and yet you never see them?  Hundreds if not thousands. 

So why don’t you find out about them somebody along the way lost the TRUE BENEFITING VALUE or the idea. They started believing in the product and lost sight of the abilities of the idea they had at its birth.

For example the idea of the cellphone was to be able to get in contact with people you wanted to WHERE you wanted and when you wanted. So to define this– it made human communication monumentally easier than it was when you had to use a landline phone. Then over the next 20+ years they added features to that device that made it much more than a phone (speakers, colors , internet, camera.. there are thousands of new features) these manufaturers[yes thats right becausue they just added fat to the idea if the phone--no true value to the original concept]. All the while because they where giving you all this stuff they made it HARDER to use so you were less likely to go to a competitor when a new feature arrived. They put so much on this thing you stopped using it for the original idea –Easier Communication. Finally somebody got frustrated enough to do something about it and he asked one question that NOBODY had bothered to in twenty years. How can I make this device Simple, easy to use and  give people back the ability to communicate with each other? Really dumb question but has caused epic shifts in a several industries. The key to what Steve Jobs does is this he look at things at the purest level of human interaction and has pretty much one goal how can we make this as simple yet universal as possible. Just goes to show you that the greatest ideas are usually those that rely on simple, profound truths that we all experience as human beings.  

OHH just wait for the SDK then your WHOLE idea of what a computer is will change too!!!

NEXT UP the IPOD- Getting music OUT of the Physical world–Finally  

5 steps to the BEST customer service EVER!!!

Do these SIMPLE things and customers will rave about your business to their friends.1. DON’T make them wait AT ALL — people that already own your product take precedence over everything because they have the most to gain from your expertise in solving their problem and you have the most to lose if they aren’t happy(that sale, customer and risk anybody they talk to about it). When you are agitated already WAITING just makes it worse.2. Understand how they are feeling because of this complaint. Identify then empathize with how they are feeling now. NEVER EVER act , say or think that it is their fault(unless you really want to lose a customer without any chance EVER of getting them back and a badly bruised reputation too). Remember the more they feel YOU APPRECIATE what they are going through the more willing they will be toward letting you solve their problem3. Your goal is to build the trust that has been destroy as quickly and STRONGLY as possible. You want them to feel GLAD for having this complaint because it make them a better more informed customer of yours. You want the customer to see you as a friend that is trying to help you instead of connected to the product they are having an issue with. Here’s a simple way to build trust — be humble enough to take the blame (whether your wrong or not) while giving the customer all the credit for all the right decisions. People trust those who allow themselves to be willing to take on fault and don’t to those who always act like it’s never their fault but yours. The next part is your can never genuinely build peoples worth in themselves without them inherently trusting you. In both cases your putting the customers first and yourself second which is rule#1 for earning trust in any area of business.4.Separate out their emotions and the actual challenge that you are both facing. Should be mostly done if you did the last two steps correctly. Ask them specifically what the problem is. Ask if its okay if so your both clear if you can repeat your understanding of it back to them. It’s unbelievable how many complaints remain unresolved just because of mis-communication. Remember if the customer feels like you don’t understand they can’t and won’t let you resolve their issue(s). 5. Solve the problem to the customers expectation not yours. Give them something above and beyond they don’t expect for their inconvenience. Call them to make sure that they have made the right decision. A week afterwards send them a gift certificate or exclusive coupon for them to use the next time they make a purchase. The most important thing is to give them a great reason for them to comeback into your store so that they can remember again why it is that they love doing business with you. If you have the ability to go out of your way to make them feel special when they make that next trip in.  

Yet another reason why Steve Jobs and Apple are the best ever

I love the Apple stores I always have. However I was walking through the mall today and I saw one of the greatest ways of show potential customers that we have plenty of staff here to serve you , they are easy to find(even from clear across the mall), and even with a completely packed store potential customers saw there was plenty of staff on hand that are HAPPILY serving their current customers in the Store. So the million dollar question is how did I get all that information will just a GLANCE at the Apple Store on my way to the Food Court at Christiana Mall. I’ll give you a hint it has to do with topic that I wrote about four weeks ago on this blog about Macy’s Department Store and their utter stupidity of how they present their employees. Do a quick read I’ll wait here if you haven’t yet you’ll understand what I’m about to share. So as I was saying before what colors your eyes use to make decisions on what to pay attention too.

Now NOT only did I pay attention but it ALMOST drew me into the store just because all the employees looked like they where having so much fun helping customers I wanted to feel like those customers felt– positive and relaxed (did I mention the store was PACKED– It’s less than 4 weeks till Christmas on a rainy Sunday at the mall ). SO I have 4 questions for you about my experience that I help to see why this was so amazing. First how was I able to see ALL the employees from across the mall? Second How could I tell that they had enough staff help a packed store? Third what the employees attitude was before I entered the store? and Fourth How could I have gotten all that info with just a quick glance? The answer was the color that all the employees where wearing got me to do that in like two seconds flat. I one of those colors that gets you to stop what you are doing and say whats that. With the backdrop of the apple store being clear it easy to see through.

The color is RED yes Stop light RED. We all do what we are taught as consumers or people. The rules that we have been taught when it comes to that color are plentiful. Our mind makes INSTANT associations when we see fire engine RED. It SCREAMS pay attention to me –your life my depend on it. So they used the color to send the same message but for a different reason. Who ever in Apple designs these little strategies is an absolute genius. Your eyes also reflect off of RED when you see it to determine its meaning. in other words you look for whats around it to determine its meaning. That’s how I was able to see the smiles because my eyes pulled off the shirts. It also allowed me to see how many employees where there compared to customers. Now that’s a Message that display ultimate shopping confidence– the one thing we are all looking for this holiday season–a reason to believe and trust in ANY retail business.

Giving meaningful gifts to your employees to show your appreciation of their hard work

I’m sure that you would agree the the two most important things in your business are your employees and customers. You know the great ones are rare and hard to find and only after you lost one do you see the impact they created to overall well being of your company. So finding ways to show them how much you value what they contribute to your success as a small business owner is of extremely high importance. If your one of my regular readers you probably have read my other post on customer value so here is the other part of the equation. If you haven’t read my primer on understanding my view points it is here.

I wanted to save this post because this is the time of year most SBO’s are looking for gift giving ideas for the most important people in their business or professional life. Finding unique and powerful way to show employee how much you value them can truly create less employee turnover and a more positive work environment than you may realize until it happens. This is truly something that giving once in the right ways can last you for the rest of the year … and next year. The power to make a difference in someones life with just a small but well thought out token is something that may last for their lifetime you never know. However it has to be WELL THOUGHT OUT _-not expensive to gain full effect. Most employers give bonuses and I say when they see the benefit to this way they wouldn’t never give a bonus again as a way to show employees you care. Why? it’s only money and it will be forgotten about two minutes after its spent so shelf life is a week max. I show you reasons/thoughts, others examples and a simple way to create your own way of starting to give thought–fully. Don’t get me wrong employees should definitely get bonuses but not a way to say thank you but rather as pay for the work they accomplished. The two should NEVER be confused with each other.

So getting back to the gifts– the personal the better shows how much you are really paying attention to them. Try your best to give memories not things. What I mean by that is anybody can get you something off a list so your goal is to be powerful and unique. You want the memory of the experience to last for the next 180 days at least. However if you do have to pick a present get them something that nobody else would think to get them. For example you notice that once every two weeks your co worker goes to the same place for lunch because they like it get them a gift certificate for two lunches at least. You save them money and they be thinking while eating those lunches.

Now for the great gifts the memories. Find favorite activities of hobbies that your employees have. Or sometimes if you find other things they are passionate about. Then give them the experience as a gift. So let me give you an example –I found out that one of my employees favorite baseball player was Tony Gwynn how ironic the same as mine. So I found out when the Padres where in Philadelphia playing the Phillies then I got us field seats. Now for the great part the surprise. When I scheduled I overstaffed he thought it was because of a big shipment coming in. When he showed up I handed him a Padres cap and said lets go needless to say he was blown away. One afternoon that YEARS later we still reminisce about.

Now he was a good employee before but afterwards if their was anything I needed he volunteered –I didn’t even have to ask. I can honestly tell you that $100 gift made and saved me a couple thousand. Now that’s not what I had in mind but after it happened I realize the magnitude of my gratitude combined with my thoughtful gift giving. When ever I do it the benefits FAR outweigh the cost. Whenever I need something my employees want to help me out because they know how much I care, how much of an impact they have and that I’m willing to sacrifice to show them that.

So the lesson is this give with your values and heart instead of just with your money and your company will grow in ways you can never imagine.

AS always if you need any ideas for your employees PLEASE email me — Tom Titlow Jr @ Tom4change@gmail.com